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Buying in Toronto

February 6, 2018- The Toronto Real Estate Board’s January 2018 statistics show that, although 416 detached home prices are down 12% from a year ago, the average 416 condo apartment sale price is up 15%. Still, due to the low inventory of homes on the market, many freehold properties are selling over asking. Let’s also keep in mind we started 2018 under freezing cold weather conditions, whereas 2017 began quite warm. With new borrowing rules and rising interest rates, (and the weather warming up), the time to list is NOW, while some buyers still have pre-approvals at lower rates under the old rules. Don’t wait for Spring. Read the full Toronto Real Estate Board Report here and for advice and personal real estate guidance, contact Andrea Stark, Sales Representative, Johnston & Daniel Division of Royal LePage RE Svcs., Ltd., Brokerage 416-489-2121

January 7, 2018- Between the implementation of the Ontario Fair Housing Plan last Spring and recent OSFI lending rule changes, the Toronto Real Estate Market has become less of a seller’s market. Sale prices of detached homes in Central Toronto increased only .5% from December 2016 to December 2017. Condo apartment prices still increased 15% year over year. Condos of all sizes remain in strong demand. With the freezing temperatures, the Spring 2018 housing market may start slowly, but quality homes in demand neighbourhoods will continue to be attractive to smart home buyers. Read the TREB statistics in Market Watch, and for personal real estate assistance, contact Andrea Stark, Sales Representative, Royal LePage, J&D Division, Brokerage 416-489-2121

December 6, 2017- Condo apartment sale prices are up 17.7% from a year ago and condo townhome prices are up 12.3%. There is strong demand for condos of all sizes and types- including the over $2,000,000 price point. The freehold house market is less predictable right now. For example, prices of detached homes in Central Toronto are down 1.7% from a year ago, although some attract multiple offers and sell over asking. The feeling is that the newest wave of government regulations, regarding mortgage lending, which come into play after the end of this year, will not affect the ability of most buyers to buy and that we will see a strong Spring market- condos especially. Read all the details in TREB’s new Market Watch report and for confidential, personalized real estate service, contact Andrea Stark, Sales Representative, Johnston & Daniel Division of Royal LePage Real Estate Services Ltd., Brokerage 416-489-2121

November 2, 2017- The October 2017 stats show that the average sale price of detached homes in Toronto is now $1,287,765- back to about the same level it was at a year ago. However, condo apartment prices have increased 20.9% in a year- to an average of $555,004. The demand for condos is increasing for several reasons- freehold house prices are not affordable for many, rentals are high priced and hard to find, and many home owners- young and old- are choosing to live experientially instead of maintaining a house. Read TREB’s Market Watch Report and contact Andrea Stark, Sales Representative, J&D Division, Royal LePage RE Svcs. Ltd., Brokerage for personal real estate guidance. 416-489-2121

October 16, 2017- All the exciting details were unveiled this afternoon at Roy Thompson Hall to VIP Toronto real estate professionals. Architecture by world renowned Foster & Partners- gorgeous design inside and out. If a three storey penthouse with its own pool isn’t for you, there are a range of brilliant suites starting at $779,900. With expanded concierge services, advanced tech connectivity, even syncing to the eight high speed elevators, The One was conceptualized for forward-thinking owner occupants. Worksheets accepted today only until noon Friday, October 20, 2017. Exactly 416 suites. For more info, prices, and floor plans, contact Andrea Stark, Sales Representative, Johnston & Daniel Division of Royal LePage RE Svcs. Ltd., Brokerage 416-489-2121 Cell. 416-875-6249 THEONE_TheRealEstateBrokersBook_2017_FINAL_ToPRINT_LOWRES_SPREADS-1

October 5, 2017- While some freehold house listings are attracting multiple offers, many neighbourhoods in Toronto are seeing a drop in price from a year ago. Some, like C10, which includes Yonge & Lawrence, saw year over year price increases of 5.8% for detached homes. The condo market is red hot with condo apartments in C10 selling 20.7% higher than a year ago. Downtown condos in C01 are selling at prices 19.5% higher than a year ago. Read the new TREB Market Watch Report and for personal real estate advice, contact Andrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage 416-489-2121